Separation from Service

Separation from Service Due to a Reduction in Hours

Separation from Service Due to an Unpaid Leave of Absence

Separation from Service Due to Disability

Separation from Service Due to Death prior to Commencement

409A BEP Benefit Small Benefit Payment Rule

How the 409A BEP Benefit is Paid

Death Before 409A BEP Benefit Commences

Obtaining an Estimate

How 409A BEP Benefit is Taxed

Grandfathered BEP Benefit

Glossary

MMC Benefits Handbook

Separation from Service

A 409A BEP Benefit will commence at a specified time after you have incurred a Separation from Service. The portion of the BEP benefit and the time of the commencement depends in part, on the reason for the Separation from Service.

You are considered to have incurred a Separation from Service when any of the following occur:

The number of hours you perform service for the Company in a week is 20% or less of the average weekly hours you worked during the previous 36 months (3 year) period.

You are absent from work due to your own physical or mental condition for 29 consecutive months and you are entitled to a benefit under the Marsh & McLennan Companies Long Term Disability Plan.

You are on an unpaid bona fide leave of absence for more than 6 months.

You die before incurring a Separation from Service (e.g., death during active employment with the Company).